Aurum PropTech Q1 2026: Shock PropTiger Acquisition Announced

Aurum PropTech, the operator behind the Indian rentals platform NestAway, revealed slight revenue growth in the first quarter of the new financial year.

Highlights results include:

• Revenues hit USD 7.9 million, up 5.5% YoY
• Net losses were USD 1.1 million, narrowing by 6.5% YoY
• Rentals revenues increased to USD 5.5 million, up 31% YoY
• Rentals continued to operate at a pre-tax loss of USD 470,000
• Aurum announces 100% acquisition of REA India's PropTiger.com as REA Group takes minor stake in Aurum

Onkar Shetye, executive director of Aurum Proptech, said:

“The quarter yielded consistent y-o-y income growth. Rental businesses focused on tech adoption, improved customer experience and unlocking more revenue streams.”

Coming off the back of full-year losses of USD 317,000 in 2025, Aurum narrowed several of its losses while NestAway drove much-improved revenue for the Rentals segment. The segment still operates at a loss, and losses only narrowed slightly (1%) despite healthy 30%+ revenue growth.

Overall expenses grew by 5.9% year-on-year to INR 87.7 million (USD 1 million).

However, the undoubted highlight of the financial statement was the unexpected announcement that Aurum will take total control of REA India's PropTiger, indicating a desire to diversify into sales.

The terms of the deal will see Aurum acquire 100% of PropTiger, with REA India taking a 5.5% equity shareholder in Aurum. Aurum will transfer PropTiger's business, technology, teams, client relationships and intellectual property. The value of the deal is approximately INR 864 million (USD 9.97 million)

Ashish Deora, Founder & CEO at Aurum Ventures, said:

"Our conviction in this acquisition stems from a shared vision with REA India to digitize the consumer’s real estate journey. This reinforces Aurum’s dominance across the total addressable market (TAM) for residential real estate distribution in India, estimated at INR 38,000 crores in annual expenditure across lead generation, sales automation and transaction management.

Praveen Sharma, CEO at REA India, said:

“We believe aligning PropTiger with Aurum will set the stage for its long-term growth. This agreement is a decisive step in further sharpening our focus on our Housing.com business and its leading digital experiences while unlocking greater potential for PropTiger.”

The company said:

[This acquisition] marks a major step forward in Aurum's vision to build a seamless, full-stack PropTech ecosystem, now strengthened by a 350+ member team specialising in primary sales brokerage. PropTiger recorded a 23% CAGR over Fy22-24, with FY24 revenue at INR 955 million (USD 11 million). PropTiger deepends the synergies across Aurum's ecosystem, complementing NestAway, Sell.do and Aurum Analytica.

Aurum has appointed Prakash Tejwani as CEO and will elevate Sridhar Srinavasan as Chief Business Officer by the end of 2026.

Meanwhile, REA India's strategic priority remains Housing.com, the REA Group's biggest chance of taking market leadership in the hyper-competitive Indian portal space. Currently, Housing.com competes against the likes of 99acres and Magicbricks.

A narrower focus without the distraction of PropTiger—a minor player by comparison—with the bonus of a minor stake in Aurum itself, will be a win-win for REA Group and its Indian subsidiary.